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Maxar Technologies (NYSE:MAXR) announces participation in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 14, 2021, at 12:00 p.m. PDT. The webcast will be accessible through the Investor section of the Maxar website. This presentation highlights Maxar's role as an innovator in Earth Intelligence and Space Infrastructure, providing critical services to governmental and commercial clients for better understanding and navigation of the planet. For further details, visit Maxar's investor page.
Maxar Technologies (NYSE:MAXR) has received an order from SiriusXM (NASDAQ:SIRI) to build the SXM-10 geostationary communications satellite. This follows the recent order for the SXM-9 satellite. The new satellite will be constructed on Maxar's proven 1300-class platform in its Palo Alto, California, facility. Maxar has a long-standing relationship with SiriusXM, having built satellites for the company for over two decades, including multiple generations of satellites.
Maxar Technologies (NYSE:MAXR) has secured a 5-year contract worth $60 million with the U.S. National Geospatial-Intelligence Agency to enhance a classified big data analytics program. This contract will ensure the continuation of support for a vital analytic system used by the Department of Defense and Intelligence Community, which streamlines intelligence analysis from hours to minutes. Maxar's focus will be on improving access to data sources and empowering users through advanced big data capabilities.
Maxar Technologies (NYSE:MAXR) has secured a five-year, $26.4 million contract from the U.S. National Geospatial-Intelligence Agency (NGA) to enhance the National System for Geospatial Intelligence Open Mapping Enclave (NOME). This award marks the first time NOME has been funded as a standalone contract, following prior support under the Small Business Innovation Research Phase III program. The NOME platform facilitates collaboration among vetted government users to update geospatial features and supports AI/ML initiatives. This contract underscores Maxar's ongoing commitment to advancing geospatial intelligence technologies.
Maxar Technologies (NYSE:MAXR) has appointed Colleen Campbell as Chief Marketing Officer. Campbell brings extensive marketing experience from her previous roles at Alion Science and Technology and Northrop Grumman. In her new position, she will oversee marketing strategies focused on business growth, customer retention, and market development. CEO Dan Jablonsky expressed excitement about her joining the executive team during this transformative period. Campbell aims to enhance Maxar's marketing and communications, contributing to the company's legacy in Earth intelligence and space technology.
Maxar Technologies (NYSE:MAXR) has secured multi-million-dollar contracts with two new customers for its Rapid Access Program (RAP). This includes the Colombian Air Force, marking its entry into Latin America, and the National Institute of Aeronautics and Space of Indonesia (LAPAN). RAP allows customers to access and task Maxar’s high-resolution satellites quickly and efficiently, enhancing imagery availability and control. The partnerships aim to support critical mapping missions and national surveillance, leveraging Maxar's advanced satellite technology and data analytics.
Maxar Technologies (NYSE:MAXR) recently hosted Colorado Governor Jared Polis and Lieutenant Governor Dianne Primavera at its headquarters in Westminster, Colorado. CEO Dan Jablonsky showcased the company's innovative technologies, including a robotic arm used in NASA missions and the SecureWatch platform for satellite imagery. Governor Polis praised Maxar's resilience during the pandemic and highlighted its essential role in national security and space exploration.
Maxar Technologies (NYSE:MAXR) reported financial results for Q2 2021, showing a net income of $45 million, or $0.60 per share, compared to $0 for the same period last year. Consolidated revenues rose to $473 million, primarily driven by a $34 million increase in the Space Infrastructure segment. Adjusted EBITDA was $132 million with a margin of 27.9%. Despite positive growth, the company saw a $30 million decline in deferred revenue from the EnhancedView Contract. Total order backlog decreased to $1.5 billion from $1.9 billion at year-end 2020.
Maxar Technologies (NYSE:MAXR) has announced the exercise of the second one-year option by the U.S. National Reconnaissance Office (NRO) under the EnhancedView Follow-On (EVFO) Service Level Agreement. This continuation ensures Maxar will provide critical satellite imagery services through August 2022, maintaining a contract value of $300 million annually. CEO Dan Jablonsky emphasized the importance of their partnership with the U.S. Government in supporting national security missions.
Maxar Technologies (NYSE:MAXR) has announced the manufacturing of a new geostationary communications satellite, SXM-9, for its long-term client SiriusXM. The satellite will utilize Maxar's reliable 1300-class platform and is set for launch in 2024. This partnership continues a relationship that began in 2000, including successful satellite launches in the years since. Maxar remains a key player in the space infrastructure and Earth Intelligence sectors, focusing on innovative solutions and customer service.
